This course will involve students in the application of Management Science models and techniques to actual real-life business decision-making. Emphasis will be placed on identifying the appropriate quantitative model to use in a given situation, developing and analyzing the required quantitative model with the aid of suitable software, and recommending a course of action based upon the analysis. The case studies will require the application of quantitative methods such as probability analysis, forecasting, decision theory, linear regression, inventory modeling, linear programming (including transportation and assignment models), as well as queueing theory, simulation, and network analysis. Software proficiency in word processing, spreadsheet, and database is required.
Prerequisites -- OM3023 Credits